Allied Motion Announces Quarterly Cash Dividend
November 02 2016 - 4:30PM
Allied Motion Technologies Inc. (NASDAQ:AMOT), a global designer
and manufacturer of motion control products and solutions,
announced that its Board of Directors at its meeting today approved
a quarterly cash dividend payment of $0.025 per share. The
dividend will be payable on November 30, 2016 to stockholders of
record as of the close of business on November 17, 2016.
Allied Motion has approximately 9.4 million shares of its common
stock outstanding.
About Allied Motion Technologies Inc.
Allied Motion (NASDAQ:AMOT), designs, manufactures and sells
precision and specialty motion control components and systems used
in a broad range of industries within our major served markets,
which include Vehicle, Medical, Aerospace & Defense,
Electronics and Industrial. The Company is headquartered in
Amherst, NY, has global operations and sells into markets across
the United States, Canada, South America, Europe and Asia.
Allied Motion is focused on motion control applications and is
known worldwide for its expertise in electro-magnetic, mechanical
and electronic motion technology. Its products include brush
and brushless DC motors, brushless servo and torque motors,
coreless DC motors, integrated brushless motor-drives, gear motors,
gearing, modular digital servo drives, motion controllers,
incremental and absolute optical encoders, and other associated
motion control-related products. The Company’s growth
strategy is focused on becoming the motion solution leader in its
selected target markets by leveraging its “technology/know how” to
develop integrated precision motion solutions that utilize multiple
Allied Motion technologies to “change the game” and create higher
value solutions for its customers.
The Company routinely posts news and other important information
on its website at http://www.alliedmotion.com/.
Company
Contact: |
Investor
Contact: |
Sue Chiarmonte Allied
Motion Technologies Inc. Phone: 716-242-8634 x602
Email: sue.chiarmonte@alliedmotion.com |
Deborah K. Pawlowski Kei
Advisors LLC Phone: 716-843-3908 Email:
dpawlowski@keiadvisors.com |
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